wanxiang News of 08/11/20
Karma Automotive Raises $100 Million As It Looks To Resell It EV Platform To Other Automakers
Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg , with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. ...
Karma Automotive To Lay Off 60 More Workers At California Headquarters
Karma Automotive is laying off 60 workers at its Irvine, Calif., headquarters, just three months after cutting 200 workers, according to documents filed with the California Employment Development Department. The Chinese-backed California-based ...
Karma Automotive Unveils Its Faster Next Act, The Revero GTS
Karma Automotive’s second act is a gasoline-electric luxury vehicle that aims to deliver more performance and tech inside a sleek and sporty $149,950 package. The 2020 Revero GTS unveiled Tuesday during AutoMobility LA, the press and trade ...
Karma’S New Electric Hinge-Winged Hypercar Concept Goes 0 To 60 Mph In 1.9 Seconds
Karma Automotive took the wraps off Tuesday of a new electric concept car called the SC2 that produces a heart-thumping 1,100 horsepower and can travel from 0 to 60 miles per hour in 1.9 seconds. The concept is a showpiece and an integral part of ...